Private Equity 24 Hours

Last updated: June 23, 2026, 2:30 PM ET

Dealmaking & Fundraisings

Platinum Equity emerged as the sole bidder for Nestlé's water unit, following the exit of rival suitor CD&R. The firm is also set to acquire manufacturer Tangent Technologies in a deal expected to close by the third quarter of 2026. Meanwhile, CVC Capital Partners is weighing a €6bn exit from Cooper Consumer Health, with Cap Vest-owned Stada reportedly circling as a potential buyer. In a separate transaction, Apheon is acquiring Belgian managed IT services provider Easi, which serves over 1,500 clients.

In the live events sector, Apollo, Hellman & Friedman, and Platinum Equity are investing as the industry experiences a wave of private equity interest, driven by an expected market expansion to exceed $1.2 trillion by 2032 . This surge in popularity is drawing significant capital, with firms capitalizing on the growing demand for in-person experiences.

Sector Investments

Reverence Capital is investing in accounting firm Eide Bailly, aiming to accelerate its strategy and enhance client services. In healthcare, Incline Equity is backing West Physics, a provider of testing services for medical imaging equipment. Life sciences also saw activity, with PE-backed Life Science Connect acquiring biopharma brands PharmaSource and CDMO Live to create a biopharma outsourcing platform. In the automotive aftermarket, Juniper Capital is backing AV systems design firm Bug ID, with founder Matt Lavine retaining a significant equity stake.

Brightstar Capital has acquired healthcare architecture firm Erdman, which will operate as an add-on to its existing portfolio company, KZF Design. Elsewhere, Great Hill is investing in pet grooming franchise Woof Gang Bakery & Grooming, with Garnett Station Partners remaining a substantial investor. L Catterton has taken a significant minority stake in clean haircare brand RŌZ.

Fund Activity & Investor Sentiment

Allianz Global Investors has held a first close for its third Asia Pacific private credit fund, securing $744 million in commitments. In the infrastructure secondaries market, Pantheon's latest flagship fund has surpassed its target, positioning it among the largest in the sector. Separately, ADIC, Mubadala's indirect investment arm, has hired a senior professional for its secondaries unit.

However, investor sentiment is not uniformly positive. The Virginia pension system has cut its private equity target for the first time in over 15 years, citing volatility concerns. In a move that may boost M&A activity this year, Japan's tax overhaul could create succession opportunities for private equity, with changes set to take effect in 2027. The use of side letters by limited partners is also increasing, with the proportion of general partners utilizing such mechanisms doubling, leading to administrative complexities.

Financial Services & Tech

TPG has appointed Axel André as its new Chief Financial Officer, with current finance chief Paul Weingart transitioning to lead the firm's private wealth division. In a notable IPO filing, Italian software acquirer Bending Spoons is seeking up to $1.62bn, supported by its backers. The European tech sector continues to evolve, with efforts underway to rebuild its technological infrastructure.

Sports & Entertainment

KKR-owned Arctos Partners is backing a $288 million stadium district development in Tennessee as part of its expansion in college sports. The broader live events sector is attracting substantial private equity interest, with projections indicating the global market will exceed $1.2 trillion by 2032.

Other Transactions

HIG-backed Axis CLC has acquired specialist fire safety and compliance services provider Fieldway Group. Additionally, PE-backed Hyve has acquired C-suite community platform Virtuosi League. In the Canadian market, Berkshire Partners is investing in Harbourfront Wealth Group in a deal valued at C$1.775 billion.

Exits

CVC has agreed to sell its entire stake in Philippine logistics leader Fast Logistics Group to the founding family, concluding a five-year holding period. In a separate development, Apollo's flagship retail credit fund is meeting only 5% of redemption requests, indicating a significant disparity between exit demands and the fund's quarterly limit.